Middle East Economic Survey
NIOC Signs Agreement With OIEC For South Pars 20-21 Development
The National Iranian Oil Company (NIOC) signed an agreement with local contractor Offshore Industries Engineering and Construction Company (OIEC) on 30 May for development of Phases 20 and 21 of the South Pars offshore gas field. OIEC Managing Director Roknoddin Javadi told Press TV that the agreement called for the investment of up to $5bn over a period of four years. NIOC...